UMA

UMA

UMA is a decentralized protocol that provides trustless financial contracts and decentralized oracles. Third-party liquidity providers and exchanges can provide innovative financial products to global users by using the UMA protocol.

UMA consists of two parts: the specification of self-executing financial contracts, and the oracle used to evaluate and guarantee the integrity of these contracts. Derived from the concept of traditional financial derivatives, UMA is used to create and verify trustless financial contracts, allowing anyone, anywhere to design and build generally available financial products.

Jiayuan Technology: The company mainly researches the shared storage technology of distributed decentralized sensitive information in terms of blockchain: news on February 19, Jiayuan Technology (301117.SZ) stated on the investor interaction platform on February 18 that the company insists on " Driven by technological innovation", the company mainly researches the shared storage technology of distributed decentralized sensitive information in the blockchain. [2022/2/19 10:02:57]

UMA allows risk transfer without centralized authority or single point of failure.

Voice | Industrial Blockchain Forum: Combining Blockchain and Communication to Improve Communication Addressing Protocol and Security: In the 6th "Block In "Chain + Communication", Allen Lee said: "In the era of 5G communication, blockchain and communication are combined to support communication network resource sharing and improve communication addressing protocols, including TCP/IP, SMTP from open handshake to support authorized handshake, In order to protect user communication privacy. Support communication network billing and settlement, and cooperate with Hong Kong operators to conduct global communication operator blockchain platform PoC tests. At the same time, through DID products such as SIM cards that support blockchain digital assets, support communication data traceability, Improve communication data security." [2019/12/14]

UMA aims to provide support for financial innovation provided by public chains. It defines an open source protocol that allows any two counterparties to design and create their own financial contracts. But unlike traditional derivatives, UMA contracts are secured only through economic incentives, making them self-enforcing and universally accessible.

On-site | Foundation X strategy team leader: DAPP developed by big companies may come from behind: Jinse Finance live report, on February 28, Foundation X strategy team leader Zheng Chengdong (sound) took the third place at the Golden Salon Korean Station hosted by Jinse Finance and cointime During the live speech, he said that although the DAPPs on Ethereum are mainly games and gambling, and the rankings are relatively high, but with the entry of large companies, the DAPPs developed by them may come from behind, and the current ranking may be There are some changes. [2019/2/28]

Risk Labs, where UMA is located, received $4 million in seed round investment in 2018. The round was led by Placeholder, with participation from Bain Capital, Coinbase Ventures, Dragonfly Capital, Blockchain Capital, FinTech Collective, The Box Group, and Two Sigma Ventures.

Tags：UMACoinbaseDeFi

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